How would you split up your $30 million jackpot?

Reply #4

SirMetro — Wed, 10 Jan 2007 15:57:03 GMT

First, keep in mind, those figures are rough and very approximated. Second, those figures take into account all current debt of myself, my immediate family (and an extremely small group of very close friends). That being said, the $30 million is the presumed left over value of after-tax (and after-debt) payout that requires long term investment planning. The short term expendentures, vacations, cool toys and/or gadgets are already removed.

Oh, and on a side note, this approximated plan has b... [ More ]

Reply #3

KY Floyd — Wed, 10 Jan 2007 07:02:29 GMT

What kind of taxes is he planning on paying? Even in NY I would have figured on clearing close to $42 milllion, but the pre-tax lump sum was close to 72.

I tend to look at the net and imagine something off the top for a principal residence, leaving an even amount for other stuff, so based on netting close to 42 I'd figure anything over 40 was for the new place. Using 30 million and increments of 1 million I'd probably figure on 1 million for the new place, but might go for 2. 10 million would... [ More ]

Reply #2

chasingadream — Wed, 10 Jan 2007 03:26:29 GMT

ummmm..... well I would spend about 2 mill on various properties......put 5mill into a 20yr annuity and stash the rest away for a rainy day i guess.......

Reply #1

weshar75 — Wed, 10 Jan 2007 02:29:54 GMT

$15 million in lots and $15 million in houses. Lots of Whiskey and lots of cat houses!!!!!!!!-weshar75

How would you split up your $30 million jackpot?

Todd — Wed, 10 Jan 2007 00:50:59 GMT

SirMetro posted an interesting (somewhat tongue-in-cheek, but still half-serious) tidbit about how he would split up his $30 million after-taxes jackpot prize:

I would set aside roughly $5,000,000 for basic home repairs, remodeling as well as a few expansions I am interested in (just not sure how to talk the Wife into letting me do those modifications to her house), while another $3,000,000 would be earmarked for several of our favorite charities. Of course, since I would have paid off all my... [ More ]